An investment project provides cash inflows of $630 per year for eight years. What is the project payback period if the initial cost is $1,575? What if the initial cost is $3,175? What if it is $5,300?

What is the project payback period if the initial cost is $1,575? (Enter 0 if the project never pays back. Round your answer to 2 decimal places. (e.g., 32.16))

Payback period

years

What is the project payback period if the initial cost is $3,175? (Enter 0 if the project never pays back. Round your answer to 2 decimal places. (e.g., 32.16))

Payback period

years

What is the project payback period if the initial cost is $5,300? (Enter 0 if the project never pays back. Round your answer to 2 decimal places. (e.g., 32.16))

Payback period

years